Softcat reports 27% revenue growth, hints at M&A

View profile for Doug Woodburn

Journalist | Editor | IT Channel

A 20-year unbroken run 👀 Softcat released full-year results this morning showing eye-watering growth. ▶️ GII up 27% to £3.6bn ▶️ Gross profit up 18% to £494m ▶️ Underlying operating profit up 17% to £180m This is above even the raised guidance it issued this summer. In his commentary, CEO Graham Charlton also dropped a strong hint on further M&A. He waxed lyrical about how its maiden acquisition of Oakland has expanded Softcat's addressable market, and enabled it to "build M&A muscle" 💪 But what particular achievement did Charlton brand a "milestone"? Read more here (link also in comments) 👇 https://lnkd.in/e56TmMSc

  • graphical user interface, application
Jamie Burke

Company Director, Investor & Dad (not in priority order)

2w

Incredible performance 👏🏻👏🏻👏🏻 Whilst in many ways somewhat predictable 🙄, it’s always refreshing to see/hear Softcat continues to focus on things within its own control/influence - largely staff, customers and partners. As a result of near perfect execution you don’t hear Graham Charlton blaming macroeconomics, partner incentive plan changes or internal restructures and this is great for the channel as it demonstrates what can be achieved if you ‘nail it’ 🎯 🎯🎯

Nigel Dunn

International Managing Director | Regional Vice President | Non-Executive Director | Board Governance | Strategic Growth Planning | Cloud | Business Scaling | Turnarounds | AI Business Impact | SaaS | C-Suite

2w

Extraordinary track record by an extraordinary company. Congratulations to Graham and all the team.

Mark Ash

Chief Revenue Officer @ Konica Minolta | Executive Board Member | CRO Connected Executive Board Member | Sales, Marketing & Customer Success Silver Medal Age Group English Triathlete

2w

Quite astounding how they continue to deliver year in, year out. So impressive

Douglas Green

Solving IT challenges; commercially and technically, with innovation, flexibility & communication.

2w

Even with a stellar customer base and a broad portfolio, achieving consistent year-on-year growth is no small feat. Channel goodwill has undoubtedly fuelled their growth, as they are often the quickest route to market.

David Brookes-Smith

Exploit and Vulnerability Intelligence, growing VulnCheck in EMEA

2w

Unreal but I couldn't say unexpected!

Shawn Berry

VP of Global Channel & Alliances @ Opensense | CRN Channel Chief | Global Partnership Ecosystems | Microsoft GCC High Strategist 🇺🇸

2w

Massive congrats Graham Charlton! The Softcat team is on 🔥

Liam Churchman

Ex-Nice Guy | Helping frustrated ADHD leaders build self-trust and find peace within | Creator of ADHD Re-Wired™

1w

Some incredible growth. Softcat what're you putting in the coffee? 🚀

Like
Reply
See more comments

To view or add a comment, sign in

Explore content categories